Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Of Neca Ibew Local 1701 Pen. Ben. Trst Fun
- Sponsor EIN: 610459923
- Sponsor Address: 6525 CENTURION DR., LANSING, MI, 48917
- Plan Type: DC
- Total Participants: 460
- Total Assets: $72.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 460 | $72.6M | $4.2M | $0 |
| 2023 | 442 | $64.1M | $3.2M | $0 |
| 2022 | 414 | $53.5M | $2.7M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $88,286 | — | $88,286 |
| TIC INTERNATIONAL GROUP | NONE | $32,647 | — | $32,647 |
| OLD NATIONAL WEALTH MANAGEMENT | NONE | $27,000 | — | $27,000 |
| LEDBETTER PARTNERS LLC | NONE | $17,057 | — | $17,057 |
| FRANK N HESTAND CPA PSC | NONE | $9,000 | — | $9,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FRANK N HESTAND CPA PSC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $173,990
- Estimated Expense Ratio: 0.240% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $205,332 | $27,000 | $32,647 | $9,000 | — |
| 2023 | $198,407 | $27,000 | $32,000 | $9,082 | — |
| 2022 | $200,241 | $27,000 | $32,000 | — | $31,145 |